Hello!
So I’m a graduate student in Boston. As we all know rent prices in Boston are a little bit wild. I’m currently paying roughly 1900/Month for an apartment for my roommate and I. When my lease is over though, I’m considering a different option.
At the term of my lease I’ll still have minimum 4-5 years left in Boston. I’m considering buying a small house in a suburb of Boston. I’ve personally seen and toured some decent examples in okay areas that would cost about 150,000 or apparently an estimated all in monthly cost of 900/mo (that my roommate and I would split.) I would be the one buying the house and my roommate would rent from me.
What’s the catch here? Would I really be saving money short term and building equity long term or am I missing something here?
Also, I can afford the down payment as I worked in industry for a few years prior to grad school so I have some nice cushy savings.
Thank you!
Submitted September 07, 2018 at 07:57AM by sorryitsathrowaway72 https://ift.tt/2QbSRvG
